ARBA - Ariba, Inc. (NASDAQ:ARBA)
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Shares of e-commerce software tools vendor Ariba (ARBA) are halted after software giant SAP AG (SAP) said it would purchase the company for $45 a share, or $4.3 billion after factoring in Ariba’s balance sheet.
Ariba’s last trade was at $37.96, up 32 cents, or 0.9%. The stock is indicated to resume trading at 3:15 pm, Eastern.
Ariba was a Dot-Com darling, a pioneer in the development of what were called “extranets” at the time, to link purchasers and suppliers in order to streamline bidding and purchasing. SAP said what Ariba has built will help its efforts with “cloud computing” in relation to commerce.
The company plans to fold SAP’s existing cloud computing efforts that relate to suppliers into Ariba’s product offering, and that Ariba will be run as a standalone outfit.
Update: The stock has resumed trading and is up $7.31, or 19%, at $44.95. SAP shares are up 17 cents, or 0.3%, at $58.96.
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offerta di SAP a 45 $ per azione. Stasera +19% circa
Ariba’s last trade was at $37.96, up 32 cents, or 0.9%. The stock is indicated to resume trading at 3:15 pm, Eastern.
Ariba was a Dot-Com darling, a pioneer in the development of what were called “extranets” at the time, to link purchasers and suppliers in order to streamline bidding and purchasing. SAP said what Ariba has built will help its efforts with “cloud computing” in relation to commerce.
The company plans to fold SAP’s existing cloud computing efforts that relate to suppliers into Ariba’s product offering, and that Ariba will be run as a standalone outfit.
Update: The stock has resumed trading and is up $7.31, or 19%, at $44.95. SAP shares are up 17 cents, or 0.3%, at $58.96.
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offerta di SAP a 45 $ per azione. Stasera +19% circa